G.20 FINANCE COMPANIES 1 For immediate release July 2012 September 2012 Owned and Managed Receivables Outstanding 2 Seasonally adjusted. Billions of dollars except as noted. ---------------------------------------------------------------------------------------------------------------------------------------------- Year Quarter Month --------------------------------------- --------------------------------------- ----------------------- 2011 2012 _______________________ _______________________________________ 2007 2008 2009 2010r 2011r Q2r Q3r Q4r Q1r Q2r Mayr Junr Jul p ---------------------------------------------------------------------------------------------------------------------------------------------- Total percent change (annual rate) 3 1.8 -7.2 -15.5 -7.9 -3.5 -9.5 -5.9 6.8 -2.2 -2.7 -10.8 7.6 -6.3 Consumer 7.4 -5.8 -15.9 -7.6 -1.9 -8.0 -6.0 8.0 3.8 -1.9 -12.6 5.1 -8.2 Real estate -4.3 -12.6 -10.8 -12.8 -13.0 -11.4 -19.9 -7.0 -18.4 -9.9 -6.0 -13.4 -5.5 Business 0.0 -4.1 -19.1 -3.6 0.6 -11.4 4.9 14.2 -3.4 0.3 -10.0 26.5 -2.8 Total flow (annual rate) 4 36.3 -149.5 -300.3 -128.9 -54.8 -147.6 -89.0 101.0 -32.9 -41.0 -161.8 113.3 -94.1 Consumer 62.6 -52.4 -136.4 -55.0 -15.8 -67.1 -49.3 64.7 31.8 -16.1 -105.9 42.4 -68.5 Real estate -26.0 -72.4 -54.2 -57.5 -41.3 -34.7 -58.9 -19.8 -50.8 -26.1 -15.6 -34.7 -14.3 Business -0.3 -24.7 -109.7 -16.5 2.4 -45.8 19.1 56.1 -13.9 1.3 -40.3 105.7 -11.3 Total outstanding 2084.1 1934.6 1634.3 1569.4 1514.6 1511.6 1489.3 1514.6 1506.4 1496.1 1486.7 1496.1 1488.3 Consumer 911.7 859.2 722.8 843.8 828.0 824.1 811.8 828.0 835.9 831.9 828.4 831.9 826.2 Real estate 574.4 502.0 447.9 317.9 276.6 296.3 281.5 276.6 263.9 257.4 260.3 257.4 256.2 Business 598.0 573.3 463.6 407.7 410.0 391.2 396.0 410.0 406.5 406.9 398.1 406.9 405.9 ---------------------------------------------------------------------------------------------------------------------------------------------- Auto Loans: Terms of Credit 5 Not seasonally adjusted. Percent except as noted. ---------------------------------------------------------------------------------------------------------------------------------------------- New car loans Interest rates 4.87 5.52 3.82 4.26 4.73 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. Maturity (months) 62.0 63.4 62.0 63.0 62.3 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. Loan-to-value ratio 95 91 90 86 80 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. Amount financed (dollars) 28,287 26,178 28,272 27,959 26,673 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. Used car loans Interest rates 9.24 8.74 9.41 8.16 7.73 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. Maturity (months) 60.7 59.8 59.2 62.6 64.5 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. Loan-to-value ratio 100 98 101 96 96 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. Amount financed (dollars) 17,095 16,664 16,225 18,124 18,723 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. ---------------------------------------------------------------------------------------------------------------------------------------------- Owned and Managed Receivables Outstanding (Levels) 2 (Billions of dollars) Not seasonally adjusted --------------------------------------------------------------------------------------------------------------------------------------- Year Quarter Month --------------------------------------- --------------------------------------- ----------------------- 2011 2012 _______________________ _______________________________________ 2007 2008 2009 2010r 2011r Q2r Q3r Q4r Q1r Q2r Mayr Junr Jul p --------------------------------------------------------------------------------------------------------------------------------------- Total 2084.1 1934.6 1634.3 1569.4 1514.6 1510.5 1500.8 1514.6 1501.7 1495.0 1489.7 1495.0 1486.9 Consumer 911.7 859.2 722.8 843.8 828.0 817.3 819.6 828.0 822.1 825.1 819.7 825.1 825.4 Motor vehicle loans 259.5 239.1 204.6 277.4 275.1 268.1 272.0 275.1 277.7 285.0 281.6 285.0 287.7 Motor vehicle leases 120.1 108.8 83.5 111.8 119.7 113.5 115.1 119.7 124.2 129.9 127.5 129.9 132.1 Revolving 6 77.3 62.0 38.3 85.0 87.1 82.6 83.2 87.1 80.6 72.6 73.2 72.6 72.4 Other 7 235.3 253.2 229.0 346.0 328.1 335.2 331.5 328.1 323.6 320.1 322.3 320.1 316.2 Securitized assets 8 Motor vehicle loans 111.6 88.6 69.7 14.2 9.8 9.3 9.3 9.8 8.1 9.9 7.3 9.9 9.5 Motor vehicle leases 0.4 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Revolving 54.8 59.2 53.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other 52.7 48.3 44.2 9.4 8.2 8.7 8.4 8.2 7.9 7.7 7.7 7.7 7.6 Real estate 574.4 502.0 447.9 317.9 276.6 298.4 285.8 276.6 269.4 259.5 264.5 259.5 258.3 One-to-four family 493.7 416.1 366.0 169.5 149.7 159.0 155.2 149.7 146.1 142.1 143.7 142.1 141.5 Other 56.2 66.8 64.3 74.0 61.8 69.0 62.7 61.8 60.6 55.5 58.9 55.5 54.9 Securitized assets 8 One-to-four family 21.8 16.7 15.5 74.1 65.0 70.3 67.7 65.0 62.6 61.9 61.9 61.9 61.9 Other 2.7 2.4 2.1 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 Business 598.0 573.3 463.6 407.7 410.0 394.7 395.4 410.0 410.2 410.4 405.5 410.4 403.2 Motor vehicles 103.1 91.4 61.2 117.0 117.2 108.2 104.3 117.2 121.2 124.2 120.6 124.2 120.4 Retail loans 15.9 12.4 9.9 18.2 20.3 18.5 19.4 20.3 21.6 22.6 22.2 22.6 22.9 Wholesale loans 9 56.0 49.2 35.6 69.4 67.1 63.4 58.7 67.1 69.2 71.4 68.5 71.4 67.0 Leases 31.2 29.8 15.7 29.4 29.8 26.3 26.2 29.8 30.4 30.2 29.9 30.2 30.4 Equipment 322.3 325.1 281.1 210.4 206.9 204.1 206.0 206.9 205.0 203.5 203.8 203.5 202.3 Loans 105.9 100.2 79.6 118.3 119.4 114.7 116.8 119.4 120.5 120.1 119.9 120.1 119.6 Leases 216.4 224.9 201.5 92.1 87.5 89.4 89.2 87.5 84.6 83.5 84.0 83.5 82.7 Other business receivables 10 97.3 95.0 89.2 80.2 85.9 82.4 85.2 85.9 84.0 82.7 81.0 82.7 80.5 Securitized assets 8 75.3 61.8 32.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 --------------------------------------------------------------------------------------------------------------------------------------- Owned and Managed Receivables Outstanding (Flows) 2,4 (Billions of dollars, annual rate) Not seasonally adjusted --------------------------------------------------------------------------------------------------------------------------------------- Year Quarter Month --------------------------------------- --------------------------------------- ----------------------- 2011 2012 _______________________ _______________________________________ 2007 2008 2009 2010 2011r Q2r Q3r Q4r Q1r Q2r Mayr Junr Jul p --------------------------------------------------------------------------------------------------------------------------------------- Total 36.3 -149.5 -300.3 -128.9 -54.8 -133.4 -38.6 55.2 -51.5 -26.8 -103.5 64.0 -97.2 Consumer 62.6 -52.4 -136.4 -55.0 -15.8 -39.0 9.1 33.4 -23.3 11.9 -64.0 65.1 3.7 Motor vehicle loans -4.5 -20.4 -34.5 -19.3 -2.4 -27.9 15.9 12.1 10.8 29.0 27.1 40.9 32.5 Motor vehicle leases 15.6 -11.3 -25.3 -14.3 7.9 2.8 6.6 18.5 17.9 22.8 22.4 28.6 26.0 Revolving 6 3.9 -15.3 -23.8 0.5 2.1 5.0 2.6 15.3 -25.9 -32.2 -87.8 -7.3 -1.9 Other 7 40.8 17.8 -24.1 -8.1 -17.9 -10.2 -15.0 -13.5 -18.0 -13.9 -20.0 -26.5 -47.5 Securitized assets 8 Motor vehicle loans 5.0 -22.9 -18.9 -11.9 -4.3 -7.9 -0.1 2.1 -7.1 7.2 -4.1 30.2 -4.4 Motor vehicle leases -0.1 -0.3 -0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Revolving 5.6 4.4 -5.7 -0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other -3.6 -4.4 -4.0 -1.7 -1.2 -0.8 -0.9 -1.0 -1.1 -1.1 -1.6 -0.8 -0.9 Real estate -26.0 -72.4 -54.2 -57.5 -41.3 -48.0 -50.6 -36.6 -28.9 -39.4 -26.1 -59.8 -14.5 One-to-four family -47.7 -77.6 -50.1 -49.5 -19.8 -17.4 -14.9 -22.0 -14.7 -16.0 -14.9 -19.2 -7.0 Other 3.3 10.6 -2.6 -5.9 -12.3 -18.4 -25.2 -3.9 -4.7 -20.4 -11.2 -40.6 -7.5 Securitized assets 8 One-to-four family 19.3 -5.1 -1.2 -2.2 -9.1 -12.2 -10.6 -10.7 -9.5 -3.0 0.0 0.0 0.0 Other -0.9 -0.3 -0.3 0.1 -0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Business -0.3 -24.7 -109.7 -16.5 2.4 -46.4 2.9 58.3 0.7 0.7 -13.4 58.7 -86.4 Motor vehicles -0.9 -11.7 -30.3 -1.6 0.2 -21.1 -15.6 51.7 15.7 12.1 4.8 42.5 -45.8 Retail loans -1.0 -3.5 -2.5 -1.9 2.2 2.0 3.6 3.7 4.9 4.2 4.1 4.7 4.0 Wholesale loans 9 1.1 -6.8 -13.7 0.9 -2.4 -21.0 -19.0 33.6 8.4 9.0 0.1 34.8 -52.3 Leases -1.1 -1.4 -14.1 -0.6 0.4 -2.1 -0.2 14.5 2.4 -1.1 0.6 3.1 2.5 Equipment 24.6 2.7 -43.9 4.9 -3.5 -32.1 7.4 3.8 -7.7 -6.0 1.9 -3.8 -14.6 Loans 5.9 -5.7 -20.6 18.3 1.1 -11.4 8.2 10.6 4.1 -1.6 1.7 2.4 -6.0 Leases 18.6 8.5 -23.3 -13.4 -4.6 -20.8 -0.8 -6.8 -11.8 -4.4 0.2 -6.2 -8.6 Other business receivables 10 -7.7 -2.3 -5.8 -20.2 5.7 6.9 11.1 2.8 -7.3 -5.5 -20.1 20.0 -26.0 Securitized assets 8 -16.2 -13.4 -29.7 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 --------------------------------------------------------------------------------------------------------------------------------------- Footnotes 1. Includes finance company subsidiaries of bank holding companies, but not of retailers and banks. 2. Owned receivables are those carried on the balance sheet of the institution. Managed receivables are outstanding balances of pools upon which securities have been issued; these balances are no longer carried on the balance sheets of the loan originator. Data are shown before deductions for unearned income and losses. Components may not add to totals because of rounding. 3. The series may contain breaks that result from discontinuities in source data. Growth rates are adjusted to exclude the effect of such breaks. In addition, percent changes are at a simple annual rate and are calculated from unrounded data. 4. Flow data represent changes in the level of credit due to economic and financial activity, and exclude breaks in the data series due to changes in methodology, source data, and other technical aspects of the estimation that could affect the level of credit. 5. Data are volume-weighted averages covering all loans of each type purchased during the month. The statistical foundation for these series has deteriorated in the past few months. Therefore, publication of these series is temporarily being suspended. The statistical foundation is in the process of being improved, and publication will resume as soon as possible. 6. Excludes revolving credit reported as held by depository institutions that are subsidiaries of finance companies. 7. Includes student loans, personal cash loans, mobile home loans, and loans to purchase other types of consumer goods such as appliances, apparel, boats, and recreation vehicles. 8. Outstanding balances of pools upon which securities have been issued; these balances are no longer carried on the balance sheets of the loan originator. Detailed historical data on securitized business receivables are available from the Data Download Program. 9. Credit arising from transactions between manufacturers and dealers, that is, floor plan financing. 10. Includes loans on commercial accounts receivable, factored commercial accounts, and receivable dealer capital; small loans used primarily for business or farm purposes; and wholesale and lease paper for mobile homes, recreation vehicles, and travel trailers. r=revised. p=preliminary. n.a.=not available.